INTERNATIONAL TRADE

Impact of International trade on UK business

Impact of International trade on UK business

Introduction

International trade is an activity that is carried out between two countries for exchanging goods and services. An international trade grows the global economy and affects the price, demand, and supply function. The global events may raise the labor cost that raises the price of a product and customer ahs to pay higher price. Similarly, the low labor cost declines the price of a product and consumer has to pay fewer prices. International trade is significant to the global economy (Eaton et al., 2011, p.1454). UK is the ...